In the quarter ending April 2, Coca-Cola earned $1.61 billion, or 69 cents per share, up from earnings of $1.35 billion, or 58 cents a share, in the same period last year.

Johnson & Johnson reports slight increase for quarter

Johnson & Johnson, the world’s biggest maker of health care products, looks to be on the mend with a slight increase in first-quarter profit.

The maker of biologic drugs, baby shampoo and birth control pills reported first-quarter profit rose 29 percent to $4.53 billion, or $1.62 per share, mainly on a $900 million gain from settling a patent fight with Boston Scientific Corp. and other litigation. Excluding that, net income increased 3 percent to $3.62 billion, or $1.29 per share, from $3.51 billion, or $1.26 per share a year ago.

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